I often fumble my way through work at home forums to find out about the most recent online opportunities to review – I find them an awesome resource that keeps this site pointing in the right direction!
Last weekend I came across a thread asking is ProfitSourcery a scam or is it a worthwhile investment? I was more than a little interested but in my haste wrote down the wrong name…
This resulted in me starting a review on a site named Profit Source and not ProfitSourcery!
Anyway, after a few sessions of bad language thrown at my laptop screen I finally located the correct site – here is our ProfitSourcery review…
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The ProfitSourcery Review
The company itself is located in the UK and is based on ‘Profitable Retail Arbitrage Opportunities’ for online Amazon stores.
Bit of mouthful really isn’t it?
OK, lets reverse a little bit and see if I can explain this in simple terms…
ProfitSourcery is offering a service of Arbitrage between online stores and Amazon. Here is a look at what Wikipedia thinks about Arbitrage:
“In economics and finance, arbitrage is the practice of taking advantage of a price difference between two or more markets: striking a combination of matching deals that capitalize upon the imbalance, the profit being the difference between the market prices.”
Yeah, that’s still pretty confusing isn’t it?
ProfitSourcery is basically offering a service that provides you with cheap products that WILL sell on Amazon for a profit…
That makes a little more sense right?
They offer two services to the members that sign up with them – one is finding profitable products; the other is an extensive training course that covers everything from finding the products to selling them on Amazon.
How do They do it?
ProfitSourcery owns a pretty nifty piece of programming that manages to compare thousands of products an hour to find the best online Arbitrage opportunities.
They somehow manage to dive deep into the top 20% of Amazon’s bestseller list and come back with at least 5 killer product options a day!
They provide a built in calculator that actually shows you the profit you will be making if you decide to choose a product to sell on Amazon.
The program also provides you with active links to the Amazon product sales page, and to the online seller where you can purchase the product at a lower price than Amazon’s offering.
The Helping Hand
I know parts of this sound pretty confusing so far and there’s a good reason behind this – they are!
Thankfully our mates at ProfitSourcery offer full training within their system to make sure you are ‘on the ball’ before you get started…
1) Getting Started On Amazon
This is a simple enough module that teaches you how to sign up for an Amazon Seller account and what to do with the products you want to sell. You will need to get approved by Amazon first but these guys will help you achieve that ( effectively! ).
2) Fulfillment By Amazon
This next course will teach you everything you need to know about Fulfillment By Amazon ( obvious really! )
3) Getting The Most Out Of Amazon
This module is full of tips and tricks geared towards making you a top seller on Amazon. I was really quite impressed by some of the ideas behind this module!
4) How To Use ProfitSourcery Software
This is where we get into the ‘guts’ of the program you will be using to dominate sales on Amazon. They teach you how to make sure you pick the right opportunities with the most profitable products.
They also take into consideration your starting budget which is a really nice touch ( in my book anyway! ).
5) Other Vendors
The cool thing about this program is that it doesn’t only have to be used on Amazon – if you are not keen on the ‘Big A’ you can use other online vendors for Arbitrage.
This final module teaches you how to become a merchant fulfilled vendor with other online options.
6) Help & Support
Every good product needs some kind of support system in place to succeed – this module covers ProfitSourcery support and a special community of members.
The Pricing Plans
Well we all know by now that nothing good comes free online – what is the damage going to be to our wallets?
The basic starter package will cost you $47/month or $467/for 1 year – not that bad really when you compare it to some Ponzi schemes out there!
They guarantee you will receive at least 150 products in this package with a profit margin of $7 to $15 each.
The next step up is the full plan that will cost you $77/month or $767/ for 1 year. This gives you access to EVERYTHING ProfitSourcery offers and promises you at least 150 products ( with a profit margin of over $15 ).
Both of these plans will provide you with 5 awesome products picked out from the TOP 20 fastest sellers on Amazon EVERY DAY!
If you feel the system is a pile of crap you can make use of the 30-day Money Back Guarantee.
Is ProfitSourcery a Scam?
One thing that bugs me about this opportunity is the amount of members it has – how many people are now competing against each other with the same recommended products?
In the small print they do claim that all opportunities will be randomly distributed among the joined members leading to EVERYONE having unique options…
I don’t really know if this can work or if they can find enough killer products to fulfill the promise?
I’m also a little skeptical about online opportunities that cost money to get started up with – I prefer free starter memberships for a limited time to see what the program is about first!
But that’s pretty much where my worries stop – there are some great benefits offered by this program:
- Much like affiliate marketing – you do not need to make or own a product
- You don’t need a website or a hoard of staff behind you to succeed
- There are no overheads with expensive advertising
- The training is all in place – you do not need to be a techie to succeed with this
- There is no customer service your end
- There is an awesome community inside the product that is willing to help you whenever they can
Thousands of businesses make huge amounts of money through Arbitrage every day and this is just a smaller scale of that – aimed at beginners.
That’s not to say that you won’t earn good money through this platform – if you follow what they teach to the letter I’m pretty confident you will see some good profits returning.
It’s definitely a legit company with a rather impressive piece of Arbitrage software on offer.
As I mentioned above, I am a little skeptical about the unique products offered to each member but I have no proof that they cannot fulfill this.
If you have any success stories with ProfitSourcery we would love to hear from you. Please leave them in the comment section below…